TWE treasury wine estates limited

https://www.theaustralian.com.au/nation/politics/politics-now-pal...

  1. 12 Posts.
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    China agrees to review wine tariffs ahead of PM's visit

    China has agreed to review its tariffs on Australian wine, paving the way for a further easing of trade tensions ahead of Anthony Albanese’s trip to China.

    The Prime Minister on Sunday revealed he would travel to Beijing from November 4 to 7 to meet with China’s President Xi Jinping and Premier Li Qiang.

    The crippling wine tariffs were first introduced in 2020 as part of a series of trade sanctions placed on Australia amid deteriorating relations between the Morrison government and Beijing.

    China’s review is expected to take five months and comes after the Australian government agreed to suspend its separate World Trade Organisation review.

    Mr Albanese said his visit would be an important step towards ensuring a stable and productive relationship with China.

    “I welcome the progress we have made to return Australian products, including Australian wine, to the Chinese market. Strong trade benefits both countries," Mr Albanese said in a statement.





    Last edited by Pangy: 22/10/23
 
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